U.S. banking regulators seeking to prevent another global financial meltdown are set to impose new minimums for capital amid predictions that smaller lenders will get easier terms.
Jacob Smith, a 25-year-old Florida firefighter, wasn’t paying much attention to the U.S. government shutdown until it threw his move to a new three-bedroom home near Daytona Beach into limbo.
President Barack Obama will have a stronger hand to push through environmental, financial and other regulations after the Senate voted to let a simple majority confirm most presidential nominees.
Global banks that failed to convince U.S. regulators last year they could go bust without destroying the financial system got another chance this week to submit plans for a safe demise.
President Barack Obama will have more leverage to regulate the energy and financial-services industries under a Senate rule change that will let a simple majority confirm most presidential nominees.
Leaders of the U.S. Senate Banking Committee announced long-awaited plans to dismantle Fannie Mae and Freddie Mac, pushing the companies’ common shares to their biggest intraday drop in 10 months.
Fairholme Capital Management LLC, the mutual-fund firm run by Bruce Berkowitz, proposed buying two businesses that insure mortgage-backed securities from Fannie Mae and Freddie Mac to salvage a bet on the two government- backed companies.
"The policy environment is going to be rough for the nonbank servicers."
- Jaret Seiberg on Aug 07, 2014